20 Nov 2013
EUR/AUD retraces from 1.4390 highs
FXstreet.com (Chicago) - EUR/AUD attempts break out above the 1.4390 zone but fails leaving bulls thirsty for more pips ahead of the RBA assistant governor Debelle speech.
Ealier in Australia the Westpac leading index for September (MoM) was made public with results at 0.1% vs. prior -0.1%. In Europe, earlier data releases were rather positive. The ZEW Survey – economic sentiment improved to 60.2 vs. past 59.1.
EUR/AUD Technical Levels
Technically speaking, the pair is offered at 1.4384 and oscillates between the supports aligned at 1.4381 (November 15th lows), 1.4358 (November 14th lows) ahead of 1.4326 (November 18th lows) and the resistances set at 1.4415 (November 18th highs), 1.4453 (November 15th highs) followed by 1.4478 (November 14th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and navigates above the EMA20.
Ealier in Australia the Westpac leading index for September (MoM) was made public with results at 0.1% vs. prior -0.1%. In Europe, earlier data releases were rather positive. The ZEW Survey – economic sentiment improved to 60.2 vs. past 59.1.
EUR/AUD Technical Levels
Technically speaking, the pair is offered at 1.4384 and oscillates between the supports aligned at 1.4381 (November 15th lows), 1.4358 (November 14th lows) ahead of 1.4326 (November 18th lows) and the resistances set at 1.4415 (November 18th highs), 1.4453 (November 15th highs) followed by 1.4478 (November 14th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and navigates above the EMA20.